Cummins Inc., a power leader in manufacturing and distributing engines, filtration, and power generation products, has seen a series of developments recently. Empirical Financial Services and SG Americas Securities, among others, have reduced their stock positions, while FDx Advisors and Advisory Alpha acquired shares. The company has increased its quarterly dividend by 8.3% to $1.82, projecting a 2.7% yield. This increase, it suggests, is a significant move for investors. Cummins' Accelera wing bagged a $75M DoE grant to focus on zero-emissions manufacturing. Various groups including Geneos Wealth Management, Duality Advisors, and Norden Group have substantial stake in the company. Cummins continues to innovate, launching next-gen hydrogen solutions for commercial vehicles and demonstrating their business sustainability strategies. There have been several insider trades, with bullish bets and stock positions adjustments, which potentially signal imminent changes. They have elevated financial targets, with Q1 earnings surpassing EPS estimates. The company recently faced a $1.7 billion fine under the Clean Air Act. Yet, the stock outperformed the market on several instances. With 86% institutional ownership, Cummins remains attractive to major investors but also cautions that it might not be enough.
Cummins CMI News Analytics from Mon, 04 Dec 2023 08:00:00 GMT to Sun, 14 Jul 2024 15:58:57 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -4
